Ex-GLG MENA Man Krombas To Charlemagne

Sep 27 2010 | 12:19pm ET

A former GLG Partners Middle East and North Africa manager has joined Charlemagne Capital.

Mark Krombas will run a UCITS III-compliant MENA fund as part of Charlemagne’s Magna range. The London-based firm said it has no plans to launch further funds for Krombas, leaving the MENA fund his sole focus.

“Mark’s experience in emerging markets and MENA in particular will add a valuable dimension and enhance our strength in MENA,” CEO Jayne Sutcliffe said. “Emerging markets offer investors unique opportunities for returns and investor interest in these markets continues to grow significantly.”

Krombas recently left GLG, which he joined just last year following the hedge fund’s acquisition of Société Générale Asset Management. GLG, which is in turn being acquired by Man Group, has since named Mark Diab to succeed him.

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